Transportation

Engineers conceded that burying Japan's crippled nuclear plant in sand and concrete may be a last resort.

By Mariko Katsumura

By Bernie Woodall

By Andrea Shalal-Esa

WASHINGTON (Reuters) - The U.S. Postal Service said on Thursday it would cut 7,500 jobs and close seven district offices and 2,000 post offices as it handles less mail and faces greater staff costs and competition from FedEx and United Parcel Service .

DETROIT (Reuters) - Chrysler Group LLC recalled more than 248,000 crossover wagon and minivans because of a defect that could allow the key to slip while driving, causing the engine to shut down without warning.

Boeing sent a shockwave through the aerospace industry on Wednesday with a 2016 outlook that calls for fewer commercial airplane deliveries and some production cuts.

Ride-hailing service Lyft has agreed to settle a proposed class action lawsuit in California by giving drivers additional workplace protections but without classifying them as employees.

The nation's airports are badly in need of construction and technological improvements. FOXBusiness.com’s series 'Upgrading America' examines what’s being done to fix the problem.

Concerned about gas prices? Don't get behind the wheel of these vehicles, which rank among some of the least-fuel efficient on the road.

Ford is recalling 7,600 2013 Escape models - 6,146 vehicles manufactured in the U.S. - due to engine problems that could cause a fire. 

Shares of FedEx fell almost 3% as Wall Street grows less bullish on the shipping giant after it issued a profit warning due to trouble in the global economy.

With monthly sales rising 20 percent from one year ago, U.S. automakers posted their best August since before the 2007-09 recession.

Ford Motor Co's board of directors will meet this week to prepare a succession plan for retiring Chief Operating Officer Alan Mulally. 

China signed an agreement with Germany for 50 Airbus planes worth over $4 billion during Chancellor Angela Merkel's visit to Beijing on Thursday.

General Motors says it will invest some $1 billion in Russia over the next five years as demand ramps up in one of the world’s fastest-growing auto markets.

Hertz said it will buy Dollar Thrifty for $2.3 billion, ending a two-year takeover war. 

The auto maker is recalling more than 44,000 Chevrolet Sonic vehicles from model year 201 to check for and correct faulty windshield washers.

The world's largest construction-equipment maker said about 800 workers at a plant in Joliet, Illinois, have ratified a six-year labor agreement, ending a nearly four-month strike.